CVX Chevron Corporation Options Ahead of Earnings

If you haven`t bought CVX here:

or sold it before the previous earnings:

Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 157.50usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade stängt: målet nått:

CVX traded at $143.96 after earnings, and the Puts went up from $3.42 (when I wrote this article) to $14.90 at the close today (a lot higher intraday), for a fantastic 4.35X gain!